June 22, 2010

San Diego County residents, saying they were misled into believing they had enough coverage, urge the state insurance commissioner to take action. Insurers say it's not a severe problem.

 

Reporting from Sacramento -- As a wildfire sparked evacuations in
Southern California on Wednesday morning, victims of a blaze that
destroyed 1,600 homes in San Diego...

June 22, 2010

California's insurance commissioner has ordered his auditors to examine
how insurance companies handled claims from last year's devastating
wildfires amid allegations from homeowners that some insurers misled
them about how much coverage they needed.

“We'll be looking for patterns of behavior by insurance companies,
of stalling, not paying claims fully and...

June 22, 2010

After his Fallbrook home was destroyed in the 2007 wildfires, Richard McDonnell realized that his friends didn't understand his sense of loss, the grieving for destroyed heirlooms or the frustration over the the slow rebuilding process.

Then McDonnell, 63, began attending the weekly group meetings at the Fallbrook Recovery Center, where he met fellow fire survivors.

“There's a...

June 22, 2010

Mississippi Insurance Commissioner Mike Chaney needs to do a better
job for consumers, two national organizations have concluded, but Chaney
said Wednesday night that he he has "a full platter."

The Consumer Federation of America says the Insurance Department's
Internet site does an inadequate job of giving consumers information
that would help them save money...

June 22, 2010

Group that learned from the '91 Oakland blaze provides step-by-step help for rebuilding your life.

Even though Southern Californians have endured countless disasters, they rarely are prepared when one hits them. Amy Bach, a San Francisco attorney, has spent her career helping people recover from disasters.

June 22, 2010

Industry observers say damage payouts shouldn't pose any difficulty, but the weak global economy could lead to eventual premium increases.

Once again, thousands of Southern Californians reeling from days of
destructive wildfires have been forced to exercise the home insurance
policies they hoped they would never have to use.

June 21, 2010

Young adults are one of the largest groups that lack health care coverage in the United States. With the new health care reform bill going into effect in a few months, dependents under the age of 26 will be able to be added onto their parents health care policy even if they're married, have a pre-existing health condition or are no longer in college.

But some may have to wait an entire...

June 18, 2010

LOS ANGELES-- Experts say insurance companies are sufficiently well
capitalized to handle the flood of claims that will arise from the
Southland's latest wildfires, it was reported today.

"The majority of those who lost their homes do not need to worry
about the solvency of companies they're insured with," Amy Bach,
executive director of United Policyholders, a...

June 18, 2010

Some policyholders believe companies deliberately sold them less coverage than they would need to rebuild. An industry group says the issue is overblown.

 

When Dave Wilder and his wife, Lynn, surveyed the remains of their
Running Springs house after it burned to the ground in a wildfire near
Lake Arrowhead in October 2007, the thing that struck him most wasn't...

June 18, 2010

Many homeowners in California have discovered that their homes that were destroyed by recent wildfires were underinsured. So who is to blame, the homeowners or insurance agents?

 

When Dave Wilder and his wife, Lynn, surveyed the remains of their
house after it burned to the ground in a wildfire near Lake Arrowhead
east of Los Angeles in October 2007, the thing...